Business, 07.12.2019 04:31, Russthaofficial
Sally is in the business of purchasing accounts receivable. last year, sally purchased an account receivable with a face value of $80,000 for $60,000. during the current year, sally settled the account, receiving $65,000. determine the maximum amount of the bad debt deduction for sally for the current year. if an amount is zero, enter "0".
sally's basis in the account receivable is $ .
she has a bad debt deduction of $ .
Answers: 1
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Sally is in the business of purchasing accounts receivable. last year, sally purchased an account re...